Defence firm Cobham said on Monday it had agreed to buy Ultra Electronics in a deal valuing its UK-listed rival at 2.57 billion pounds ($3.56 billion), setting out commitments aimed at allaying any potential concerns over national security.
London s FTSE 100 on Monday recorded its worst session in nearly a month, as weakness in commodity prices hit heavyweight energy and mining shares, while Ultra Electronics jumped after it agreed. | August 16, 2021
Defense firm Cobham said on Monday it had
agreed to buy Ultra Electronics in a deal valuing its
UK-listed rival at 2.57 billion pounds , setting
out commitments aimed at allaying any potential. | August 17, 2021